-The Hindu Trinamool jumps on Opposition bandwagon, while Akali Dal backs move Cabinet clearance for Foreign Direct Investment in multi-brand retail led to tumult and uproar in Parliament, with both Houses adjourning without transacting any business for the third successive day on Friday. Going by the Opposition's hostile reaction, there is a question mark over smooth conduct of proceedings when Parliament meets on Monday. Communist Party of India Parliamentary Party leader Gurudas Dasgupta has...
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Cabinet clears Companies Bill; to be taken up this session
-The Indian Express The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act. "The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session," a Corporate Affairs Ministry official said after the Cabinet meeting. The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to...
More »Trinamul to stall retail FDI plan
-The Telegraph The Trinamul Congress will oppose foreign direct investment (FDI) in retail and pension funds as well as changes in rules that will allow foreign airlines to invest in Indian carriers. Mamata Banerjee has instructed her sole member of the cabinet — railway minister Dinesh Trivedi — to oppose the retail proposal at tomorrow’s cabinet meeting, the minister confirmed today. The Trinamul roadblock is being seen as an attempt to reaffirm its...
More »UPA opens the door for global retailers
-The Times of India After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms. After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...
More »Row over movie 'Dam 999', quake & safety of a 116-year-old Mullaperiyar dam
-The Economic Times Prime Minister Manmohan Singh on Wednesday night held consultations with water resources minister PK Bansal on the Mullaperiyar dam - an old dispute between Kerala and Tamil Nadu, which has been reignited by a movie, Dam 999, and fresh cracks on the dam following two minor quakes in the region. "It is amongst themselves that the matter can be sorted out. We can only play a role of facilitator....
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